Global Medical REIT Inc. (GMRE) Given Average Recommendation of “Buy” by Brokerages

Shares of Global Medical REIT Inc. (NYSE:GMRE) have received an average rating of “Buy” from the eight brokerages that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $10.60.

Several research firms have recently weighed in on GMRE. B. Riley reissued a “buy” rating and issued a $10.50 price objective on shares of Global Medical REIT in a research report on Friday, November 10th. DA Davidson lowered Global Medical REIT from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $11.00 to $10.00 in a research report on Tuesday, August 22nd. Zacks Investment Research raised Global Medical REIT from a “sell” rating to a “hold” rating and set a $10.00 price objective for the company in a research report on Tuesday, November 14th. Cantor Fitzgerald reissued an “overweight” rating and issued a $12.00 price objective on shares of Global Medical REIT in a research report on Friday, September 1st. Finally, FBR & Co reissued a “buy” rating and issued a $10.50 price objective (up from $10.00) on shares of Global Medical REIT in a research report on Monday, September 18th.

Shares of Global Medical REIT (NYSE:GMRE) traded down $0.07 during trading hours on Friday, reaching $9.54. The company had a trading volume of 117,000 shares, compared to its average volume of 130,790. The company has a market cap of $207.44, a price-to-earnings ratio of 24.54, a P/E/G ratio of 3.04 and a beta of -49.42. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.22 and a current ratio of 0.22. Global Medical REIT has a twelve month low of $7.12 and a twelve month high of $10.25.

Institutional investors and hedge funds have recently modified their holdings of the company. Wedbush Securities Inc. boosted its stake in Global Medical REIT by 5.8% during the 2nd quarter. Wedbush Securities Inc. now owns 15,334 shares of the company’s stock valued at $137,000 after purchasing an additional 834 shares during the last quarter. UBS Group AG boosted its stake in Global Medical REIT by 14.2% during the 1st quarter. UBS Group AG now owns 11,847 shares of the company’s stock valued at $108,000 after purchasing an additional 1,477 shares during the last quarter. State of Wisconsin Investment Board boosted its stake in Global Medical REIT by 20.0% during the 2nd quarter. State of Wisconsin Investment Board now owns 433,050 shares of the company’s stock valued at $3,871,000 after purchasing an additional 72,100 shares during the last quarter. D.A. Davidson & CO. boosted its stake in Global Medical REIT by 36.0% during the 3rd quarter. D.A. Davidson & CO. now owns 104,430 shares of the company’s stock valued at $937,000 after purchasing an additional 27,667 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Global Medical REIT by 8.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 137,481 shares of the company’s stock valued at $1,229,000 after purchasing an additional 11,126 shares during the last quarter. Institutional investors own 41.02% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Global Medical REIT Inc. (GMRE) Given Average Recommendation of “Buy” by Brokerages” was published by American Banking News and is owned by of American Banking News. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this news story can be accessed at https://www.americanbankingnews.com/2017/12/01/global-medical-reit-inc-gmre-given-average-recommendation-of-buy-by-brokerages.html.

Global Medical REIT Company Profile

Analyst Recommendations for Global Medical REIT (NYSE:GMRE)

Receive News & Ratings for Global Medical REIT Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Medical REIT Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply